A company is required not only to pay taxes in the course of its operations, but also to dispose of its property. It is well known that a citizen sells his/her house to pay a tax, as does a company that transfers his/her property. So, how much taxes and charges do companies pay for transferring property? What taxes do you pay? The following is a detailed presentation by the editor of ask. Com。
I. Vat: (this contract price - purchase price) 1. 05 *5 %
Vat plus: (this contract price - purchase price) 1. 05*0. 65%
Land value added tax = value added * rate - total * speed deduction factor
Less total: buy price + buy-in transaction fees + buy-in tax + city building tax and surcharge + stamp duty + assessment fee + depreciation + intermediary fee
Value added: sold - vat - (net of total)
Depreciation = purchase price * 5% * years
Value added = total value added offset
Land value added tax algorithms are consistent with non-resident enterprises
Iii. Advance income tax: (this contract price - the purchase price)* 10% (foreign company)
Property tax: purchase price * 80% * 1. 2% * years (super-neglective: annual payment for holding period and, if outstanding, sale together with late payment)
V. Stamp duty: 5 per 10,000 for this contract
Assessment costs: 3 per 1,000
Vii. Little hints:
(i) since the ownership of the house is a company, unlike the landlord in general, the client must, in principle, enter the company's account directly
(ii) lack of participation in financial monitoring
(iii) a portfolio of offshore companies must be notarized
(iv) letters rogatory for domestic companies are not required
This is the detailed description of the issues of taxes and fees that companies have to pay for the transfer of property, requiring payment of vat, stamp duty, property tax, income tax, etc. It is an obligation of every citizen and legal person to pay taxes in accordance with the law, and ask. Com's editor reminds that this obligation must be strictly observed. More on the issue of corporate tax on property transfers, professional lawyers can be consulted on the ask. Com website。
